OverviewSuggest Edit

Azure Power is a solar power producer. It sells solar energy to government utilities and independent industrial and commercial customers.

TypePublic
Founded2008
HQNew Delhi, IN
Websiteazurepower.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Mar 2020)605(-7%)
Revenue (FY, 2020)₹13 B(+31%)
Share Price (Jul 2021)$26.3(+2%)
Cybersecurity ratingBMore

Key People/Management at Azure Power

Ranjit Gupta

Ranjit Gupta

Chief Executive Officer, Director
Murali Subramanian

Murali Subramanian

Chief Operating Officer
Barney Rush

Barney Rush

Chairman of the Board, Independent Director
Pawan Kumar Agrawal

Pawan Kumar Agrawal

Chief Financial Officer
Gaurang Sethi

Gaurang Sethi

Head - Bidding
Nathan Judge

Nathan Judge

Head – Investor Relations
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Azure Power Office Locations

Azure Power has an office in New Delhi
New Delhi, IN (HQ)
5 th floor, southern park, d - ii, saket place, saket
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Azure Power Financials and Metrics

Azure Power Revenue

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Azure Power's revenue was reported to be ₹12.96 b in FY, 2020 which is a 30.5% increase from the previous period.
INR

Revenue (FY, 2020)

13.0b

Revenue growth (FY, 2019 - FY, 2020), %

30.5%

Gross profit (FY, 2020)

11.8b

Gross profit margin (FY, 2020), %

91.2%

Net income (FY, 2020)

(2.3b)

EBIT (FY, 2020)

6.5b

Market capitalization (22-Jul-2021)

1.3b

Closing stock price (22-Jul-2021)

26.3

Cash (31-Mar-2020)

9.8b

EV

87.2b
Azure Power's current market capitalization is $1.3 b.
INRFY, 2018FY, 2019FY, 2020

Revenue

7.7b9.9b13.0b

Revenue growth, %

29%31%

Cost of goods sold

691.9m870.0m1.1b

Gross profit

7.0b9.1b11.8b
INRFY, 2018FY, 2019FY, 2020

Cash

8.3b10.5b9.8b

Accounts Receivable

2.2b3.3b4.5b

Prepaid Expenses

1.1b1.4b1.6b

Current Assets

15.5b17.4b20.7b
INRFY, 2018FY, 2019FY, 2020

Net Income

(1.0b)138.5m(2.3b)

Depreciation and Amortization

1.9b2.1b2.9b

Accounts Payable

124.3m34.8m236.0m

Cash From Operating Activities

1.8b2.1b3.7b
INRFY, 2018

Revenue/Employee

20.9m

Debt/Equity

4.2 x

Debt/Assets

0.7 x

Financial Leverage

5.6 x
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Azure Power Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Azure Power Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Azure Power Online and Social Media Presence

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Azure Power News and Updates

Azure Power Sells Non-Core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive

Azure Power Global Limited, a leading solar power producer in India, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio to Radiance Renewables Pvt. Ltd.

Merck makes 68MW Azure power play in Texas

German science and technology company Merck has signed a 12-year virtual power purchase agreement (VPPA) with Enel Green Power for the construction of the Azure Sky wind power and storage project in Texas.

Azure Power Announces Results for Fiscal Third Quarter 2021

Azure Power Global Limited (NYSE: AZRE) today announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal third quarter 2021, period ended December 31, 2020.

Azure Power to Announce Results for Fiscal Third Quarter 2021 Ended December 31, 2020 After the Market Closes on February 10, 2021

Azure Power will report financial results for the fiscal third quarter ended December 31, 2020 after the market closes on Wednesday, February 10, 2021.

Azure Power Releases FY 2020 Sustainability Report

NEW DELHI, Oct. 15, 2020 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading solar power producer in India, published its Sustainability Report for 2019-20. Speaking on this occasion, Ranjit Gupta, Chief Executive Officer, Azure Power said "We are pleased to release our second...

Sanjeev Aggarwal Resigns from Board of Directors at Azure Power

NEW DELHI, Oct. 8, 2020 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading solar power producer in India, announced that early stage investor and Board member, Mr. Sanjeev Aggarwal of Helion Venture Partners, has resigned from his position as a member of the Board of Directors of Azure...
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Azure Power Blogs

Solar Power Titans on Meeting India's Climate Goals (Podcast)

Solar Power Titans on Meeting India's Climate Goals (Podcast) admin Wed, 06/30/2021 - 07:48 India's ambitious target to build 450 GW of renewable energy capacity by 2030, more than four times the current capacity, comes with risks and opportunity. Sumant Sinha, CEO of ReNew Power, an…

Azure Power to Announce Results for Fiscal Fourth Quarter 2021 Ended March 31, 2021 After the Market Closes on June 15, 2021

Azure Power to Announce Results for Fiscal Fourth Quarter 2021 Ended March 31, 2021 After the Market Closes on June 15, 2021 admin Wed, 06/16/2021 - 06:01 Document Azure Power to Announce Results for Fiscal Fourth Quarter 2021 Ended March 31 2021 After the Market Closes on …

Skill development key to enhancing livelihood opportunities in Assam

Skill development key to enhancing livelihood opportunities in Assam admin Tue, 05/25/2021 - 07:51 Skills and knowledge are driving forces of economic growth and social development for any country. India, being one of the youngest nations in the world, with more than 54% of the total…

Solar Energy To Support Economic Diversity In Assam

Solar Energy To Support Economic Diversity In Assam admin Thu, 05/13/2021 - 07:22 Implementation of a clean, reliable and cost-effective source of energy has become the need of the hour not only in India but globally. With rapid advancements in technology, leading to reduced renewabl…

Solar power in Assam: An Untapped potential for sustainable development

Solar power in Assam: An Untapped potential for sustainable development admin Thu, 05/13/2021 - 07:22 Renewable Energy (RE) has earned a huge focus and momentum throughout the years across the world even in India due to the rising fuel prices, threats to energy security, and the need…

Azure Power Sells Non-Core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive

Azure Power Sells Non-Core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive admin Mon, 04/05/2021 - 13:36 Document Azure Power Sells Non-Core Solar Rooftop Portfolio to Radiance Renewables; Transac…
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Azure Power Frequently Asked Questions

  • When was Azure Power founded?

    Azure Power was founded in 2008.

  • Who are Azure Power key executives?

    Azure Power's key executives are Ranjit Gupta, Murali Subramanian and Barney Rush.

  • How many employees does Azure Power have?

    Azure Power has 605 employees.

  • What is Azure Power revenue?

    Latest Azure Power annual revenue is ₹13 b.

  • What is Azure Power revenue per employee?

    Latest Azure Power revenue per employee is ₹21.4 m.

  • Who are Azure Power competitors?

    Competitors of Azure Power include CLP India, BGR Energy Systems and Lightsource bp.

  • Where is Azure Power headquarters?

    Azure Power headquarters is located at 5 th floor, southern park, d - ii, saket place, saket, New Delhi.

  • Where are Azure Power offices?

    Azure Power has an office in New Delhi.

  • How many offices does Azure Power have?

    Azure Power has 1 office.